July 8, 2019 / 10:33 AM / 7 days ago

Deals of the day-Mergers and acquisitions

(Adds Universities Superannuation Scheme Ltd, Glencore)

July 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** London-listed miner and commodity trader Glencore pulled out of talks on a possible takeover of Bosnia’s ailing aluminium smelter Aluminij Mostar, increasing the risk of its imminent closure, Bosnia’s regional energy minister said.

** British pension fund Universities Superannuation Scheme Ltd said its Humber Bidco unit had bid 108.50 pence per share in an auction for KCOM Plc, valuing the telecom network and cloud-based service provider at about 566 million pounds ($708.52 million).

** India’s government aims to raise up to 150 billion rupees ($2.18 billion) by reducing its stake in 18 state firms to 75%, a finance ministry official involved in the matter said on Monday, as it looks to boost revenue and rein in the fiscal deficit.

** U.S. financial services provider Fidelity National Information Services Inc won unconditional EU antitrust approval for its $35 billion takeover of payments company Worldpay.

** Nexon Co founder Jungju Kim has scrapped plans to sell a controlling stake in its parent NXC, two sources with direct knowledge of the matter said, scuppering potentially the largest deal in the gaming sector at up to $16 billion.

** Roche and Spark Therapeutics agreed to extend the deadline for the Swiss drugmaker’s $4.3 billion takeover bid for the U.S. gene therapy specialist, Roche said, adding it remains “fully committed” to a deal it sees closing this year.

** Thyssenkrupp said it was sticking to plans to float its elevator business after a media report said the conglomerate was planning to start talks in autumn on selling the unit.

** Poland’s biggest oil refiner, the state-run PKN Orlen, said negotiations with the European Commission over its planned takeover of smaller rival Lotos had entered their most difficult phase.

** Aquila European Renewables Income Fund has acquired its first assets since its initial public offering on the London Stock Exchange in May, the company said.

** Malaysia’s state energy company Petronas has sold its stake in Britain’s Dragon liquefied natural gas (LNG) terminal but will retain its 2.2 million tonne a year (mtpa) regasification capacity, the company said.

** The owners of JPIMedia are in talks to sell the i newspaper and regional titles, Sky News reported.

** Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield. (Compiled by Soundarya J and Aakash Jagadeesh Babu in Bengaluru)

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